U.S. and China Talks On AI Could Have Far-Reaching Implications For the Future of Global Commerce

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The high-level talks between the U.S. and China on artificial intelligence (AI) could have far-reaching implications for the future of global commerce, experts say.

U.S. Secretary of State Anthony Blinken has announced that the two countries will conduct their first high-level talks on AI, emphasizing its growing importance. The discussions are poised to cover crucial aspects of AI technology and regulation, and the outcomes may influence regulatory frameworks, technology trade policies, and cooperation in technological advancements. 

The U.S. has tightened restrictions on Beijing’s access to advanced technology and is nearing a ban on the social media app TikTok unless its Chinese parent company ByteDance sells it. 

Global Small Businesses Drive Innovation

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Due to technological advancements, larger and less agile companies are finding it more difficult to stay ahead of the curve and avoid losing market share to the new encroaching global small businesses.

This has led some smart global giants to rethink their innovation strategy.

Whereas in recent years, industry incumbents viewed growing [global] small businesses and startups as competition to be quashed, the mindset is quickly shifting to embrace these new companies as an opportunity to evolve, grow and fill in the gaps from their own R&D departments.

Here's what needs to happen next.